1185 S Tremaine Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 4 bed, 3 bath
Loading property details...
Los Angeles, California 90019
This Fully Remodeled Triplex Asset is a Strong Value Opportunity, listed at $1,799,000—positioned well below the $1,920,381 Fair Market Value by 6%. This valuation gap provides $121,381 in Instant Equity. Featuring three standalone cottages on an expansive 8,389 sqft corner lot with Zoning R2, the property boasts an Excellent Condition Rating following a comprehensive renovation of the vacant units. With two units delivered vacant and market-rate ready, this property offers immediate cash flow and long-term development potential. It is a premier acquisition for Owner-Occupants seeking a high-end house-hack or Multi-Family Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1185 S Tremaine Avenue Subject | $1,799,000* List Price | 4 | 3 | 2,744 | $700 | - |
A 1280 S Sycamore Avenue Sold | $2,020,000 | 4 | 4 | 2,533 | $797 | 0.5 mi |
B 1663 Virginia Road Sold | $2,095,000 | 5 | 4 | 3,302 | $634 | 0.7 mi |
C 1302 S Hauser Boulevard Sold | $2,200,000 | 3 | 2 | 2,719 | $809 | 0.9 mi |
D 1009 S Rimpau Active | $1,899,999 List Price | 4 | 4 | 2,825 | $673 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (under 5 years) including brand new kitchens with stainless appliances, updated flooring, and major system upgrades such as new electrical, plumbing, and split-system HVAC.
Two of the three units are fully remodeled and delivered vacant, allowing an owner-user or investor to immediately set market-rate rents without initial rent control restrictions.
The property consists of three standalone cottages, each with its own private outdoor space and separate utility meters, offering a high level of privacy that is highly attractive to tenants.
Situated on an expansive 8,389 square foot corner lot with R2 zoning and existing soil/survey reports, the property offers significant long-term value through potential expansion or redevelopment.
The middle unit is occupied by a long-term tenant at a significantly below-market rent of $1,318.40, which limits immediate cash flow and is subject to strict local rent control regulations.
Showing of the occupied unit is subject to an accepted offer, creating a level of uncertainty regarding the interior condition of one-third of the property during the initial bidding phase.
Stunning fully remodeled triplex located in the highly desirable Hancock Park neighborhood, set on an expansive 8,389 square foot corner lot. Zoning is R2 per assessor.The front two bedroom one bath unit and the rear one bedroom unit have been completely remodeled throughout, including brand new appliances, recessed lighting, upgraded electrical systems, new water heaters, new water and sewer lines, new split air conditioning systems, and newly designed landscaping with an automatic sprinkler system.The two vacant remodeled units offer exceptional flexibility for both owner users and investors. They were delivered vacant through cash for keys agreements and therefore have no rental restrictions. The future owner may rent these units at market rate. Once new leases are established, rent control will apply and future annual increases will be limited in accordance with local rent control regulations.The middle unit is currently occupied by a long term tenant paying $1,318.40 per month, providing immediate income. Showing of the occupied unit will be subject to an accepted offer.All units are charming standalone cottages, each with its own private outdoor space. The front vacant two bedroom unit features a beautifully landscaped front yard, a generous balcony overlooking the yard, and a spacious side yard with direct access to the garage. The middle occupied unit enjoys a large backyard with mature citrus trees and inviting landscaping. The rear remodeled vacant unit offers abundant natural light and a large private backyard with a deck, creating an ideal indoor-outdoor living experience. Additional highlights include a free-standing three-car garage, highly desirable off-street parking, individual laundry rooms, and separate gas and electric meters for each unit. With strong rental demand in the area, this property presents a rare opportunity for owner-occupancy, immediate income, and long-term value appreciation or future development potential. Soil and survey reports from 2022 are available upon request. Buyer to conduct their own due diligence regarding permits, zoning, and public records. Photos shown are of the remodeled vacant units only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 73% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 2,744 | 1,727 | 88% |
| Lot Size | 8,389 | 6,340.5 | 88% |
| Price | $1.80M | $1.33M | 71% |
| Price per sq ft | $656 | $755 | 23% |
| Built year | 1923 | 1926 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 178 | 2% |
Apr 28, 2026
$1,799,000
Initial Listing
Feb 2, 2022
$1,252,000
Public Record